Natural Gas Price

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dan_s
Posts: 37328
Joined: Fri Apr 23, 2010 8:22 am

Natural Gas Price

Post by dan_s »

The weather over the next 6 to 8 weeks will have a lot to do with where natural gas prices average in 2018. As of today, several different weather forecasting models are looking quite bullish for natural gas and for NGL prices.

Go here https://www.weatherbell.com/premium/ and watch the daily update. The European model now shows Chicago below freezing for the entire month of December. If that is what happens, I think we'll see the January NYMEX contract for gas go over $4.00.

For short-term forecasts (up to ten days) I use Weather Underground: https://www.wunderground.com/forecast/u ... alwx_10day

Note that they show Chicago temp dipping to 21F on Thursday.

All of the weather forecasting services now show very cold wintery weather in the Great Lakes area during the week after Thanksgiving.
Dan Steffens
Energy Prospectus Group
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